This Morning on BubbleVision

by Karl Denninger

I woke up this morning to a beautiful day and streaming video with people talking about the impending budgetary disaster in health care entitlements of all sorts, whether Medicare, Medicaid or pension programs.

But….. not one person talked about 15 USC, medical monopolies or similar. All were talking about how these plans are economically unsustainable due to being underfunded instead of where the real problem lies — that the “benefits” being promised are increasing in cost due to acts that, in virtually any other industry would be considered felonies across the board, whether it be a refusal to quote a price, billing out at 2, 3, 5 10x or even more than the claimed price, discriminatory pricing that is flatly illegal under Robinson-Patman for anything that is a tangible good and more.

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